GoDaddy Is Buying Its European Peer for $2 Billion

U.S.-based website domain name provider GoDaddy Inc said on Tuesday it would buy peer Host Europe Group (HEG) for 1.69 billion euros ($1.82 billion), including debt, as it looks to expand beyond the initial set-up of websites.

GoDaddy has branched into the more profitable business of hosting websites for small businesses and consumers and the HEG deal will help it accelerate this shift as well as broaden its customer base in Europe.

HEG, whose customer base is similar to GoDaddy’s, is one of Europe’s largest independent web hosting firms, and operates brands such as 123Reg, Domain Factory, Heart Internet and Host Europe.

HEG is currently owned by European private equity firm Cinven Ltd, which acquired the business in August 2013 for 438 million pounds.

GoDaddy also said it would explore options for HEG’s PlusServer managed hosting business, including a possible sale.

GoDaddy, well-known in the United States for its sometimes outrageous TV marketing campaigns, trumped bids from German Internet service provider United Internet AG and Deutsche Telekom AG for HEG.

Reuters had reported last month that GoDaddy was in exclusive talks to buy the company.

This Chinese Travel Giant Is Buying Skyscanner for $1.74 Billion

Chinese travel giant Ctrip.com International ctrp has extended its global reach after it agreed to buy travel search website Skyscanner Holdings in a deal valuing the UK-based company at around 1.4 billion pounds ($1.74 billion).

Ctrip, China‘s biggest online travel company, said the majority cash deal for Skyscanner would help strengthen its global position as the ticketing-to-hotels group looks to diversify its business.

The firm, which has backing from Chinese internet giant Baidu bidu and U.S. travel company Pricelinepcln, topped up its warchest for acquisitions earlier this year when it raised over $2 billion through shares and convertible notes.

“Skyscanner will complement our positioning at a global scale, and we will leverage our experience, technology and booking capabilities to help Skyscanner,” Ctrip co-founder Liang Jianzhang said in a statement.

For more on travel, watch Fortune’s video:

Scotland-based Skyscanner helps users to compare prices from different travel sites when searching for flights, hotels and rental cars. It currently has 60 million monthly active users and is available in over 30 languages.

Skyscanner, which was reported to be exploring a sale or an initial public offering, was valued at $1.6 billion in a funding round in January, when it raised 128 million pounds from a group of investors that included Malaysia’s sovereign fund, Khazanah Nasional and Yahoo Japan.

Ctrip said it expected to complete the deal by the end of 2016. After the deal, Skyscanner’s current management team would continue to manage the firm’s operations independently.

Exclusive: PepsiCo to Acquire Probiotic Drinks Maker KeVita

PepsiCo has agreed to fully acquire sparkling probiotic drink maker KeVita, a deal that will diversify the soda and snacking giant’s portfolio by adding another brand that taps consumer interest in healthier beverages.

Rumors of a potential deal between PepsiCo pep and KeVita surfaced last month when Reuters reported the parties were close to a deal the news agency pegged at “less than $500 million.” Fortune has learned that the transaction price is actually around $200 million.

The transaction, which is set to close over the next couple of months, builds on the minority stake PepsiCo took in KeVita back in 2013. PepsiCo helped KeVita expand distribution, and intends to further push the brand’s access to retail markets now that it will fully own it.

For PepsiCo—owner of the namesake soda brand, Gatorade, Frito-Lay, and Quaker Oats—the deal is a way to bulk up on the consumer trend toward “functional” beverages, which are selling strongly as consumers look for more nutritional benefits in the foods and drinks they consume. KeVita is also on-trend in other ways: the beverages in the portfolio generally contain between five and 45 calories per serving, and most of the flavors are sweetened with stevia and contain no sugar.

Adding KeVita to PepsiCo’s portfolio will also help the beverage giant make good on its promise that by 2025 at least two-thirds of its global beverage portfolio volume will have 100 calories or fewer from added sugars per 12-oz serving. The entire KeVita line, with 27 skus currently on shelves today, meets that criteria.

The move is also a significant pivot for PepsiCo as it aims to diversity the portfolio to tilt more heavily toward beverages that are in the health and wellness space of the grocery aisle at a time when U.S. consumers are drinking less carbonated soft drinks because of concerns about high calorie counts and some sweeteners found in those drinks. Consumers are leaning more toward bottled water, juices, kombucha, and flavored waters that are more on trend today, so it makes sense that PepsiCo would want more brands in house to address those broader trends.

PepsiCo doesn’t often fully acquire brands like KeVita, which was founded in 2009, as the company’s management is fairly prudent about not overpaying for a food or beverage startup. Chief executive Indra Nooyi has said that while PepsiCo doesn’t shy away from making investments that can create value for shareholders over the long term, finding the right buying opportunity can be a challenge. Smaller startups, in particular, are often excessively priced.

“The truth is, we look at almost everything that’s out there, but obviously we buy very, very few things,” vice chairman and Chief Financial Officer Hugh Johnston told The Street in an interview earlier this year. He said PepsiCo tends to average less than $500 million per year in tuck-in acquisitions.

Upon closing, KeVita will operate independently with its production and bottling facilities located in California. The brand’s co-founders, Bill Moses and Chakra Earthsong, will stay on and serve as brand ambassadors. KeVita will be tucked into the PepsiCo Premium Nutrition business, which also includes the juice and smoothie Naked Juice and sparkling juice maker IZZE.

Symantec Is Acquiring LifeLock for $2.3 Billion

Symantec said it was acquiring U.S. identity theft protection services company LifeLock for an enterprise value of $2.3 billion.

It expects to finance the transaction with cash on balance sheet and $750 million of new debt, Symantec said in a statement. Reuters first reported earlier on Sunday that Symantec was in the lead to acquire LifeLock.

The deal will expand Symantec’s consumer offerings after its $4.65-billion purchase in August of Blue Coat, which helps companies maintain security over the internet. It would also represent a victory for activist hedge fund Elliott Management, which had pushed LifeLock to explore its options.

Symantec said the LifeLock deal is not expected to have a material impact on its financial results next year, and reaffirmed its fiscal year 2017 and 2018 guidance.

Based in Tempe, Arizona, LifeLock offers services such as monitoring new account openings and credit-related applications in order to alert consumers about unauthorized use of their identity. It also works with government agencies, merchants and creditors to remediate the impact of identity theft.

LifeLock said it had 4.4 million members at the end of the third quarter, up 8% year on year.

Through the acquisition of LifeLock, Symantec would enhance its consumer unit, which provides antivirus software. The Mountain View, California-based company has been moving away from what is sees as more commoditized services, selling its data storage business Veritas in January to private equity firm Carlyle Group LP for $7.4 billion.

Silver Lake invested another $500 million in Symantec when the latter agreed to acquire Blue Coat, while private equity firm Bain Capital LLC, which sold Blue Coat to Symantec, agreed to reinvest $750 Million in the combined company.

Elon Musk Says Tesla’s New Solar Shingles Will Cost Less Than a Regular Roof

Just after a majority of Tesla Motors tsla shareholders approved plans for the all-electric automaker to acquire solar energy firm SolarCity scty, Tesla CEO Elon Musk dropped one of his famous bombshells, this time about the company’s new solar roof product.

He told them that the company’s new roof would actually cost less than traditional rooftop shingles to make and install, according toBloomberg.

“Electricity is just a bonus,” the billionaire told the crowd.

“So the basic proposition will be: Would you like a roof that looks better than a normal roof, lasts twice as long, costs less and—by the way—generates electricity?” Musk asked. “Why would you get anything else?”

While Tesla’s solar shingles are expected to still be considered a premium product at rollout, Bloomberg reports that the company expects they would incur lower production costs than traditional roof tiles. A large part of these savings stem from the carmaker’s anticipation that its roofing, manufactured by Tesla’s new automotive and solar glass division, would be lighter and easier to ship, thus reducing costs on breakage and transportation. (Read Fortune’s exclusive look at Tesla and SolarCity’s battery solar farm here.)

First unveiled at a Tesla event on Oct. 28 to great fanfare, the roofing material jointly developed by the carmaker and SolarCity would look just like any other premium roof tiles, while doubling as solar panels for power generation.

The shingles would reportedly feature tempered glass made by Tesla, a new solar film from 3Mmmm specifically designed for this project, as well as solar power technology jointly developed by Tesla, SolarCity and Panasonic. The idea is to make solar-paneled roofs “as appealing as electric cars,” Musk said at the event.

Tesla’s merger with SolarCity was approved “overwhelmingly” by an 85% majority of unaffiliated shareholders, according to the company. Growingconcernsoverpotentialsafetyissues related to its touted Autopilot driver-assistance feature, as well as uncertainty over federal tax breaks for electric cars under the incoming U.S. administration, has left the automaker in a tough spot this year, according to Reuters—sending its stock price tumbling by almost 20% this year.

For more on the Tesla-SolarCity deal, watch Fortune’s video:

After merging with SolarCity, of which Musk is the largest single shareholder, Tesla now has business all the way from solar electricity generation to batteries and electric cars. Elon Musk is also the CEO of the private space exploration company SpaceX.

Prediction: These 8 Companies Will Get Bought in 2017

The staff of Fortune is assembling its predictions for 2017 in our annual feature, the Fortune Crystal Ball, now on newsstands in the December 1 issue of the magazine. Here’s one of our forecasts.

Helped along by low interest rates, the merger boom of 2016’s last quarter will keep rolling. Here, the Fortune staff’s best guesses at who’s next.

Comcast Will Buy T-Mobile

T-Mobile has been by far the fastest growing U.S. wireless carrier since John Legere took over as CEO in late 2012. Legere’s un-carrier strategy to break with traditional market practices like two year contracts and high roaming fees helped T-Mobile more than double its subscriber base to 69 million.

In 2014, Sprint made a run at T-Mobile, majority owned by Deutsche Telekom, but antitrust regulators waved them off, fearing consolidation would hurt consumers.

However, that same logic likely wouldn’t bar a new entrant in wireless from acquiring Legere’s treasure. And Comcastcmcsa, the cable TV giant that also owns NBC Universal, has said it plans to offer a wireless service sometime in 2017.

Comcast’s play depends on using leased airwaves from Verizonvz, but Legere says sooner or later the cable giant will realize it needs “ownership economics.” And what better carrier to own that T-Mobile? —Aaron Pressman

A Major Player Will Nab Netflix

There have been plenty of rumored suitors for Netflix, including Apple, Google and even Disneydis. Any company in the entertainment space drools at the company’s millions of subscribers and its growing stable of movies and TV shows.

It would be an expensive mouthful, to be sure, with a market value of $50 billion. Plus Netflix CEO Reed Hastings has said he doesn’t want to sell. But he may not have much of a choice if the company’s spending on content keeps ramping up—it will hit $6 billion next year and it’s still growing.

While it would take a suitor with very deep pockets, Netflix nflx may have to go courting if its stock price starts to flag. —Mathew Ingram

Amazon Will Buy Barnes & Noble

After years of siphoning away books sales from Barnes & Noble, Amazonamzn is now taking the fight to the brick-and-mortar world with its own stores. But so far, Amazon’s bookstore fleet is comprised of only four open or announced locations, and word is the online retailer has designs for potentially hundreds of bookstores that could also sell other items, like Amazon’s electronics.

Conveniently, B&N bks operates 638 stores, is struggling and has a stock market value of $760 million—a pittance for its deep-pocketed, freewheeling rival. The risk? Antitrust regulators will close the book on it. —Phil Wahba

For more on mergers and acquisitions, watch this Fortune video:

Slack Will Sell Out

Slack, the business-oriented chat product, has tons of traction if not profit. It would make a nice pickup for a company that wants to acquire potential customers and perhaps bask in Slack’s reflected glow.

Any Slack acquisition—by IBM? by Cisco? by Oracle? by Salesforce?—would follow in the footsteps of Microsoft’s msft 2012 buyout of chat platform Yammer. —Barb Darrow

Under Armour Will Merge with Lululemon

Athleisure’s new look could pair yoga pants with Stephen Curry basketball shoes. A merger would combine Lululemon’s strength with yoga-obsessed women with the natural fit Under Armour ua has found with male athletes. Lululemon has more expertise as a retailer and commands higher price points, while Under Armour could help the Vancouver-based peer establish a shoe business and build wholesale relationships to expand distribution. Both have set lofty goals: Lululemon wants to double the business within five years to $4 billion in revenue, while Under Armour projects $7 billion by 2018. But with industry leader Nikenke targeting $50 billion by 2020, an acquisition may be best to take on the swoosh. —John Kell

Private Equity Will Nab Hewlett Packard Enterprise

Now that it’s sold off most of its software and enterprise services businesses to focus on high-end servers, storage and “converged” data center hardware could well end up getting acquired itself. Rumors have surfaced over the past few months that private equity companies have shown an interest. And why not? There’s a precedent for this type of deal. Vista Equity Partners bought Ping Identity for about $600 million after its $1.79 billion purchase of Marketo earlier in the year, and Thoma Bravo bought Qlik for $3 billion. Expect HPE hpe would fetch a far heftier price tag, of course. —Barb Darrow

Simon Property Will Acquire Sears

Simon Property Group spg, the largest U.S. mall developer, formed a joint venture with Searsshld last year to hive off some of its best locations and charge other retailers a premium. It follows that Simon could go one step further and buy the chain outright, then sell off or carve up the remaining space for other stores. —Phil Wahba

Why Estee Lauder Is Buying This Cosmetics Brand for $1.45 Billion

Cosmetics maker Estee Lauder Cos el agreed to buy makeup brand Too Faced for about $1.45 billion in its biggest-ever deal, adding products such as Better than Sex mascara and Melted Matte lipsticks that are popular among millennials.

Founded in 1998, Too Faced is one of the many growth-oriented brands that have sprung up to cash in on the struggles of some older rivals to capture the interest of millennial shoppers.

Irvine, California-based Too Faced is expected to have sales of more than $270 million in 2016, representing a growth of more than 70% for the year, Estee Lauder said on Monday.

Too Faced, whose co-founders Jerrod Blandino and Jeremy Johnson started their careers behind the counters of the Estee Lauder brand, also sells its products at retailers such as Sephora, Debenhams dbhsy and Macy’sm.

Estee Lauder, which is buying Too Faced from private equity firm General Atlantic LLC, said it expected the deal to close in December.

Twitter Stock Jumps as This Activist Investor Takes Stake

Twitter shares rose as much as 2% at market open on Monday following a filing by the hedge fund Jana Partners, which announced it is taking a stake of 2.9 million shares.

It’s a small position, but Jana Partners is also known to be activist investment firm, suggesting it could push for either reforms or a sale at the influential, but underperforming, social media company.

Twitter twtr has been frequently discussed as a likely acquisition target in recent months. Stalled user growth and a leadership exodus have made it less and less appealing as a standalone company.

Googlegoogl, Disneydis, and Appleaapl have all been reported to be considering acquiring Twitter, but none of that interest came to fruition. The most serious suitor was said to be marketing software maker Salesforce.com crm, which ultimately decided not to pursue the deal in early October.

Jana, headed by veteran activist Barry Rosenstein, has played a role in restructuring large companies, including McGraw-Hill Publishing and ConAgra Foods. In both cases, Jana pushed the companies to split into smaller, more focused units.

Twitter’s problems arguably have more to do with business and product strategy than structure, though. Its advertising offerings have done less well than Facebook or its subsidiary Instagram, and new features have failed to garner much user interest. A major recurring issue has been the level of abuse and harassment on Twitter, reportedly a major factor in Salesforce walking away.

For more on Twitter, watch:

Twitter has turned to cost-cutting measures, including broad layoffs and the recent shutdown of its Vine video service. That shutdown triggered a wave of nostalgia for Vine, suggesting that Twitter failed to make the most of a product users loved.

That points to the other possible approach from a determined activist: leadership change. Since returning as interim CEO last year, founder Jack Dorsey’s turnaround road map has failed to produce results or excite investors.

Samsung Just Paid $8 Billion to Get Into the Automotive Business

Samsung Electronics said on Monday it had agreed to buy Harman International Industries for about $8 billion, a deal that enables the South Korean electronics giant to expand its presence in the automotive electronics market.

The acquisition would give Samsung ssnlf an immediate foothold in connected technologies, particularly automotive electronics, which the company says has been a strategic priority.

More than 30 million vehicles are equipped with Harman’s har connected car and audio systems, including embedded infotainment, telematics, connected safety, and security.

About 65% of Harman’s $7 billion of reported sales during the 12 months ended Sept. 30, 2016 are automotive-related, according to the company.

For more information on Harman International Industries, watch Fortune’s video:

Samsung said in a statement it expected to use cash to fund the deal, which represents a premium of 28% to Harman’s Friday closing price.

Harman will operate as a standalone Samsung subsidiary. Harman Chairman and CEO Dinesh Paliwal will continue to lead the company.

Here’s What Samsung Plans to Do Differently with the Galaxy S8

Samsung Electronics ssnlf said on Sunday it would launch an artificial intelligence digital assistant service for its upcoming Galaxy S8 smartphone, seeking to rebound from the Galaxy Note 7’s collapse and differentiate its devices.

The world’s top smartphone maker in October announced the acquisition of Viv Labs, a firm run by a co-creator of Apple’s aapl Siri voice assistant program. Samsung plans to integrate the San Jose-based company’s AI platform, called Viv, into the Galaxy smartphones and expand voice-assistant services to home appliances and wearable technology devices.

Samsung is counting on the Galaxy S8 to help revive smartphone momentum after scrapping the fire-prone Galaxy Note 7, which will hit its profit by $5.4 billion over three quarters through the first quarter of 2017.

Investors and analysts say the Galaxy S8 must be a strong device in order for Samsung to win back customers and revive earnings momentum.

Samsung did not comment on what types of services would be offered through the AI assistant that will be launched on the Galaxy S8, which is expected to go on sale early next year. It said the AI assistant would allow customers to use third-party service seamlessly.

“Developers can attach and upload services to our agent,” said Samsung Executive Vice President Rhee Injong during a briefing, referring to its AI assistant.

“Even if Samsung doesn’t do anything on its own, the more services that get attached the smarter this agent will get, learn more new services and provide them to end-users with ease.”

For more on Samsung, watch Fortune’s video:

Technology firms are locked in an increasingly heated race to make AI good enough to let consumers interact with their devices more naturally, especially by voice.

Alphabet’s Google goog is widely considered to be the leader in AI, but others including Amazon.comamzn, Apple and Microsoftmsft have launched their own offerings including voice-powered digital assistants.

Samsung also hopes to differentiate its devices, from phones to fridges, by incorporating AI. Competition from Google’s new Pixel smartphones, armed with the U.S. firm’s voice-powered digital assistant, adds to the urgency.

The South Korean firm has said it plans more acquisitions to bolster its AI and other software capabilities.